RBA (240 items)

Many to follow ANZ and Westpac on rates

There has been no ANZ style bollocking for ING over a 17 basis points cut to its home loan rate. Twenty-five is the norm and bad banks know it.It’s just that some lenders can’t cope with this, think credit unions. Westpac and ANZ have exposed the fragility in their businesses and anxiety over profits via their pricing decisions yesterday. read more

Jane Hume carries financial chalice

Two junior ministers will share responsibility for financial services in Scott Morrison’s new government. Michael Sukkar returns as assistant treasurer and also minister for housing, while Jane Hume will be assistant minister for superannuation and financial services. read more

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